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Freelancer

ASX:FLN
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLN
ASX
A$305M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. The last earnings update was 112 days ago. More info.


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FLN Share Price and Events
7 Day Returns
3.1%
ASX:FLN
0.4%
AU Professional Services
-0.1%
AU Market
1 Year Returns
-19.3%
ASX:FLN
20.6%
AU Professional Services
16.5%
AU Market
FLN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Freelancer (FLN) 3.1% -10.7% -14.1% -19.3% -36.8% 8.9%
AU Professional Services 0.4% 3% 7.6% 20.6% 37.9% 39.2%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • FLN underperformed the Professional Services industry which returned 20.6% over the past year.
  • FLN underperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
FLN
Industry
5yr Volatility vs Market
Related Companies

FLN Value

 Is Freelancer undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Freelancer to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Freelancer.

ASX:FLN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:FLN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.828 (1 + (1- 30%) (0.7%))
0.887
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.887 * 5.96%)
7.6%

Discounted Cash Flow Calculation for ASX:FLN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Freelancer is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:FLN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.6%)
2020 6.70 Analyst x1 6.23
2021 8.30 Analyst x1 7.17
2022 9.50 Est @ 14.44% 7.62
2023 10.52 Est @ 10.8% 7.85
2024 11.39 Est @ 8.25% 7.90
2025 12.13 Est @ 6.47% 7.82
2026 12.76 Est @ 5.22% 7.64
2027 13.32 Est @ 4.35% 7.41
2028 13.82 Est @ 3.74% 7.15
2029 14.28 Est @ 3.31% 6.86
Present value of next 10 years cash flows A$73.00
ASX:FLN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$14.28 × (1 + 2.31%) ÷ (7.6% – 2.31%)
A$276.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$276.22 ÷ (1 + 7.6%)10
A$132.79
ASX:FLN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$73.00 + A$132.79
A$205.79
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$205.79 / 455.72
A$0.45
ASX:FLN Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.45
Current discount Discount to share price of A$0.67
= -1 x (A$0.67 - A$0.45) / A$0.45
-48.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Freelancer is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Freelancer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Freelancer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:FLN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.00
ASX:FLN Share Price ** ASX (2019-11-18) in AUD A$0.67
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 21.51x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Freelancer.

ASX:FLN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:FLN Share Price ÷ EPS (both in AUD)

= 0.67 ÷ 0.00

-539.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freelancer is loss making, we can't compare its value to the AU Professional Services industry average.
  • Freelancer is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Freelancer's expected growth come at a high price?
Raw Data
ASX:FLN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -539.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
122.4%per year
Australia Professional Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Professional Services Companies 1.94x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Freelancer, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Freelancer's assets?
Raw Data
ASX:FLN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.07
ASX:FLN Share Price * ASX (2019-11-18) in AUD A$0.67
Australia Professional Services Industry PB Ratio Median Figure of 21 Publicly-Listed Professional Services Companies 2.08x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:FLN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:FLN Share Price ÷ Book Value per Share (both in AUD)

= 0.67 ÷ 0.07

9.71x

* Primary Listing of Freelancer.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freelancer is overvalued based on assets compared to the AU Professional Services industry average.
X
Value checks
We assess Freelancer's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Freelancer has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FLN Future Performance

 How is Freelancer expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
122.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Freelancer expected to grow at an attractive rate?
  • Freelancer's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Freelancer's earnings growth is expected to exceed the Australia market average.
  • Freelancer's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:FLN Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:FLN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 122.4%
ASX:FLN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.4%
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:FLN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:FLN Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 76 9 4 2
2020-12-31 65 7 1 2
2019-12-31 57 2 0 2
2019-11-19
ASX:FLN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 56 0 -1
2019-03-31 54 -1 -1
2018-12-31 52 -1 -1
2018-09-30 50 -1 -3
2018-06-30 48 -2 -5
2018-03-31 49 -1 -5
2017-12-31 50 -1 -5
2017-09-30 52 0 -3
2017-06-30 53 1 -1
2017-03-31 53 3 -1
2016-12-31 53 4 -1
2016-09-30 50 5 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Freelancer's earnings are expected to grow significantly at over 20% yearly.
  • Freelancer's revenue is expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:FLN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Freelancer Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FLN Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.01 0.01 0.01 1.00
2020-12-31 0.00 0.00 0.00 1.00
2019-12-31 0.00 0.00 0.00 1.00
2019-11-19
ASX:FLN Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Freelancer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Freelancer's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Freelancer has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FLN Past Performance

  How has Freelancer performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Freelancer's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Freelancer does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Freelancer's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Freelancer's 1-year growth to the AU Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Freelancer's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Freelancer Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FLN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 55.83 -0.56 44.93
2019-03-31 53.84 -1.02 44.51
2018-12-31 51.85 -1.48 44.08
2018-09-30 50.10 -3.16 45.27
2018-06-30 48.35 -4.83 46.47
2018-03-31 49.31 -4.80 47.21
2017-12-31 50.27 -4.77 47.94
2017-09-30 51.72 -2.94 46.64
2017-06-30 53.17 -1.11 45.33
2017-03-31 52.96 -1.14 45.34
2016-12-31 52.75 -1.17 45.36
2016-09-30 50.39 -1.75 44.30
2016-06-30 48.03 -2.32 43.23
2016-03-31 43.32 -2.56 39.87
2015-12-31 38.60 -2.81 36.51
2015-09-30 34.77 -2.59 33.14
2015-06-30 30.94 -2.38 29.78
2015-03-31 28.51 -2.11 27.37
2014-12-31 26.09 -1.85 24.97
2014-09-30 24.15 -1.15 22.42
2014-06-30 22.21 -0.45 19.88
2014-03-31 20.49 0.15 17.40
2013-12-31 18.76 0.75 14.93
2013-09-30 16.77 0.76 14.06
2013-06-30 14.77 0.76 13.18
2013-03-31 12.70 0.74 10.86
2012-12-31 10.63 0.73 8.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Freelancer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Freelancer has efficiently used its assets last year compared to the AU Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Freelancer improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Freelancer's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Freelancer has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FLN Health

 How is Freelancer's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Freelancer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Freelancer's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Freelancer's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Freelancer's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 332.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Freelancer Company Filings, last reported 4 months ago.

ASX:FLN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 31.48 0.12 34.44
2019-03-31 31.48 0.12 34.44
2018-12-31 31.08 0.12 33.21
2018-09-30 31.08 0.12 33.21
2018-06-30 31.33 0.00 33.31
2018-03-31 31.33 0.00 33.31
2017-12-31 31.92 0.00 31.91
2017-09-30 31.92 0.00 31.91
2017-06-30 35.39 0.00 34.71
2017-03-31 35.39 0.00 34.71
2016-12-31 35.39 0.00 34.78
2016-09-30 35.39 0.00 34.78
2016-06-30 35.09 0.00 35.18
2016-03-31 35.09 0.00 35.18
2015-12-31 34.91 0.00 32.25
2015-09-30 34.91 0.00 32.25
2015-06-30 25.92 0.00 31.13
2015-03-31 25.92 0.00 31.13
2014-12-31 16.81 0.00 20.21
2014-09-30 16.81 0.00 20.21
2014-06-30 17.71 0.00 19.70
2014-03-31 17.71 0.00 19.70
2013-12-31 18.39 0.00 24.39
2013-09-30 18.39 0.00 24.39
2013-06-30 3.56 0.00 11.51
2013-03-31 3.56 0.00 11.51
2012-12-31 3.20 0.00 9.66
  • Freelancer's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Freelancer's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Freelancer has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Freelancer has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Freelancer's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Freelancer has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FLN Dividends

 What is Freelancer's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Freelancer dividends. Estimated to be 0% next year.
If you bought A$2,000 of Freelancer shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Freelancer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Freelancer's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:FLN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:FLN Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-11-19

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Freelancer has not reported any payouts.
  • Unable to verify if Freelancer's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Freelancer's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Freelancer has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Freelancer's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Freelancer's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Freelancer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Freelancer has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FLN Management

 What is the CEO of Freelancer's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Barrie
COMPENSATION A$604,257
AGE 46
CEO Bio

Mr. Robert Matthew Barrie, also known as Matt, BE (Hons I) BSc (Hons I) GDipAppFin MAppFin MSEE (Stanford) GAICD SEP FIEAust, is Founder of Freelancer Limited and has been its Executive Chairman since April 10, 2010 and also serves as its Chief Executive Officer. Mr. Barrie serves as a Strategic Advisor to the Board of QuintessenceLabs Pty Ltd. He is a technology entrepreneur with experience building and operating companies from concept to supplying global market leaders in network equipment, hardware, software, semiconductors, telecommunications and network security. He has over 13 years of experience in the network security industry spanning research, development, services and academia. Mr. Barrie co-founded Sensory Networks, Inc. in 2002 and served as its Chief Executive Officer and Chief Technology Officer. He served as Vice President, Asia Pacific within the Information Security Group of Kroll-O'Gara. At Kroll ISG, he started the Network & Systems Assessment group, which he built rapidly into a solid business unit with high profile clients. Mr. Barrie has an extensive, high profile background in Information Security and has consulted for Fortune 500 corporations worldwide, including New York financial and banking institutions, a major Asian financial exchange, law firms and Silicon Valley technology companies. While at ISG, he acquired, redeveloped and managed Packet Storm, which grew to become the world's largest Internet security resource at over 2 million hits per day. Mr. Barrie co-founded Dilithium Networks, Inc. and also served as its Vice President of Products. He served as an Investment Manager of Innovation Capital, an Australian/US venture capital company focusing on high technology. He serves as a Director of Julius Finance Corporation. He serves as a Director of QuintessenceLabs Pty Ltd. He served as a Director of Benchmark Solutions, Inc. He served as a Director of Sensory Networks, Inc. and Packet Storm. Mr. Barrie is an Adjunct Associate Professor in Information Security and Cryptography at the Department of Electrical and Information Engineering, University of Sydney. He teaches Technology Entrepreneurship at University of Sydney since 2010. He is an award winning entrepreneur, technologist and lecturer. He is a prolific speaker and has spoken at, or featured in; the Summit Series, the New York Times, Bloomberg TV, The Wall Street Journal, TechCrunch, The Atlantic, Switzer, BRW and The Economist. He is regularly invited to speak at the world’s leading entrepreneurship, internet and business conferences/forums. He is also one of the worldwide Linkedin Influencers, along with Richard Branson, Barack Obama and Deepak Chopra, where he writes on the topics of entrepreneurship and technology. In 2012, he was selected out of a field of 600 presenters to be one of 21 featured speakers at South by Southwest in Austin, Texas (SXSW), which is one of the world’s largest interactive, music, film and technology festivals. He is the co-author of over 20 US patent applications. In 2006, Mr. Barrie was awarded the State Pearcey Award for contribution to the ICT industry. In 2010, he was named Alumnus of the Year for the Faculty of Engineering and IT at the University of Sydney. In 2011, SmartCompany named him in the 11 most influential Australians in IT. In 2011, he was named inaugural BRW Entrepreneur of the Year. He was also the winner of the technology category in the National Ernst & Young Entrepreneur of the Year awards for 2011. In 2012, he was named in the top 100 most influential engineers by Engineers Australia and a 2012 Man of Influence by Men’s Style Magazine. In 2013, he was named in the top 10 Australian entrepreneurs to watch in 2013 by SmartCompany, the Blackberry Young Technology Entrepreneur of the Year by News Limited, a Silver Stevie in the International Business Awards for Executive of the Year in Internet/New Media and again in the top 100 most influential engineers by Engineers Australia. He is a Fellow of the Institute of Engineers Australia and Councilor of the Electrical and Information Engineering Foundation at the University of Sydney. Mr. Barrie holds first class honors degrees in both Electrical Engineering and Computer Science from the University of Sydney, Masters in Applied Finance from Macquarie University, Graduate of the Stanford Executive Program at the Graduate School of Business and a MS Degree in Electrical Engineering from Stanford University. Mr. Barrie also graduated from the Australian Institute of Company Directors. In 2012, he also completed the Executive Program at Singularity University.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is about average for companies of similar size in Australia.
Management Team

Matt Barrie

TITLE
Founder
COMPENSATION
A$604K
AGE
46

Neil Katz

TITLE
CFO & Company Secretary
COMPENSATION
A$462K
TENURE
10.8 yrs

Greg Robinson

TITLE
Vice President of Compliance

Craig Tindale

TITLE
Head of Global Solutions

Sarah Tang

TITLE
Vice President of Enterprise
Board of Directors Tenure

Average tenure and age of the Freelancer board of directors in years:

9.6
Average Tenure
45
Average Age
  • The tenure for the Freelancer board of directors is about average.
Board of Directors

Matt Barrie

TITLE
Founder
COMPENSATION
A$604K
AGE
46
TENURE
9.6 yrs

Darren Nicholas Williams

TITLE
Non-Executive Director
COMPENSATION
A$25K
AGE
45
TENURE
9.6 yrs

Simon Alvin Clausen

TITLE
Non-Executive Director
COMPENSATION
A$25K
AGE
43
TENURE
9.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Freelancer's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Freelancer has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FLN News

Simply Wall St News

What Kind Of Investor Owns Most Of Freelancer Limited (ASX:FLN)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Freelancer is a smaller company with a market capitalization of AU$335m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that institutional investors have not yet purchased much of the company. … Check out our latest analysis for Freelancer ASX:FLN Ownership Summary, August 28th 2019 What Does The Lack Of Institutional Ownership Tell Us About Freelancer?

Simply Wall St -

Freelancer (ASX:FLN) Is Using Debt In A Risky Way

We note that Freelancer Limited (ASX:FLN) does have debt on its balance sheet. … ASX:FLN Historical Debt, July 25th 2019 A Look At Freelancer's Liabilities According to the last reported balance sheet, Freelancer had liabilities of AU$38.6m due within 12 months, and liabilities of AU$1.41m due beyond 12 months. … So while it's hard to imagine that the AU$446.6m company is struggling for cash, we still think it's worth monitoring its balance sheet.

Simply Wall St -

If You Had Bought Freelancer (ASX:FLN) Shares A Year Ago You'd Have Made 76%

Check out our latest analysis for Freelancer Given that Freelancer didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last year Freelancer saw its revenue grow by 3.1%. … Given the market doesn't seem too excited about the stock, a closer look at the financial data could pay off, if you can find indications of a stronger growth trend in the future.

Simply Wall St -

What Type Of Shareholder Owns Freelancer Limited's (ASX:FLN)?

Every investor in Freelancer Limited (ASX:FLN) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Should You Be Pleased About The CEO Pay At Freelancer Limited's (ASX:FLN)

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Matt Barrie's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Freelancer Limited has a market cap of AU$319m, and is paying total annual CEO compensation of AU$604k.

Simply Wall St -

Read This Before Selling Freelancer Limited (ASX:FLN) Shares

So we'll take a look at whether insiders have been buying or selling shares in Freelancer Limited (ASX:FLN). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The insider buying may not tell us much about how insiders feel about the current share price.

Simply Wall St -

Did You Miss Freelancer's 65% Share Price Gain?

Because Freelancer is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … When a company doesn't yet make profits, we'd generally expect to see good revenue growth. … Given the market doesn't seem too excited about the stock, a closer look at the financial data could pay off, if you can find indications of a stronger growth trend in the future

Simply Wall St -

What Investors Should Know About Freelancer Limited's (ASX:FLN) Financial Strength

The direct benefit for Freelancer Limited (ASX:FLN), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Does FLN's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

What Kind Of Investor Owns Most Of Freelancer Limited (ASX:FLN)?

A look at the shareholders of Freelancer Limited (ASX:FLN) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

Simply Wall St -

What does Freelancer Limited's (ASX:FLN) Balance Sheet Tell Us About Its Future?

Freelancer Limited (ASX:FLN), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is FLN will have to follow strict debt obligations which will reduce its financial flexibility. … Is FLN growing fast enough to value financial flexibility over lower cost of capital.

Simply Wall St -

FLN Company Info

Description

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. Through its marketplace employers can hire freelancers to do work in areas, such as software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. It connects employers and freelancers from approximately 247 countries, regions, and territories. The company also provides escrow payment services. Freelancer Limited was founded in 2009 and is based in Sydney, Australia.

Details
Name: Freelancer Limited
FLN
Exchange: ASX
Founded: 2009
A$305,331,391
455,718,495
Website: http://www.freelancer.com
Address: Freelancer Limited
World Square,
Level 20,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FLN Ordinary Shares Australian Securities Exchange AU AUD 15. Nov 2013
OTCPK FLNC.F Ordinary Shares Pink Sheets LLC US USD 15. Nov 2013
CHIA FLN Ordinary Shares Chi-X Australia AU AUD 15. Nov 2013
Number of employees
Current staff
Staff numbers
0
Freelancer employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:35
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/10/29
Last earnings filing: 2019/07/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.